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Donald Trump, SALT and big beautiful bill

CNBC on MSN · 16h

Trump’s ‘big beautiful bill’ could deliver 45.5% ‘SALT torpedo’ for high earners, tax pro says

Trump’s "big beautiful bill" includes a temporary $40,000 SALT deduction cap. But the phaseout could trigger a tax surprise for some higher earners.

MarketWatch on MSN · 15h

The new $40,000 cap on SALT deductions in Trump’s big bill aids homeowners most in these cities

The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.

The Washington Post on MSN · 2d

Trump’s tax law includes a $40,000 SALT cap. Here’s who qualifies.

The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering significant relief to high earners in many Democratic-led states by partially undoing a big change in President Donald Trump’s 2017 law.

SALT, tax deduction

MarketWatch on MSN · 1d

The SALT deduction is now much more generous. Here’s how to get the most out of the tax break.

A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce debate among lawmakers in Washington. The focus on the write-off is now coming from homeowners deciding if they should use the deduction to their advantage for the first time in years.

CNN on MSN · 13h

Who will — and won’t — benefit from the bigger SALT deduction

The new law lifts what had been a $10,000 cap to $40,000 for tax year 2025 and then adjusts it upward by 1% a year for 2026, 2027, 2028 and 2029.

Why Small Businesses Should Care About the SALT Tax

The latest SALT change could bring in thousands worth of tax savings for small businesses when they file their taxes. But it’s not a permanent staple.

5d

New SALT Cap Could Slash Property Tax Pain for Homeowners in These High-Tax States

A new $40K SALT cap could deliver long-awaited tax relief to homeowners in high-cost states like NJ, NY, and CA by cutting ...

Long Island Press3d

SALT deduction grows to $40K, stirring debate among Long Island reps

After years of debate, the U.S. House of Representatives passed a bill that raises the cap on the state and local tax ...

Daily Breeze18hOpinion

Are we pouring SALT on housing’s affordability wounds?

Tossing more money at the housing market only benefits the few who qualify – and makes house hunting a futile chase for the ...

1d

How the Big Beautiful Bill offers tax relief for homeowners in Southern California

Under the bill, the SALT cap temporarily increases to $40,000 per year, so long as your annual income does not exceed ...

MiBolsilloColombia on MSN2d

Trump's SALT deduction limits may drag more earners into AMT liability

Trump’s ‘One Big Beautiful Bill Act’ could unintentionally push more taxpayers into the AMT, especially in high-tax states, ...

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